Jet Airways is one of India’s premier and favorite private sector airlines with a domestic market share of ~ 25%. The company is committed to provide its flyers with a unique and unparalleled experience across the skies with high standards of reliability and service, efficient operations and focus on innovation. With a fleet of 116 state of the art wide and narrow-bodied aircrafts under the Jet Airways & JetKonnect brand they help people fly on domestic and international routes. Jet Airways, together with Etihad Airways, has today the largest market share in Indian- international traffic and operatesat 68 destinations across the globe. Jet Airways Share Price opened at Rs. 545 on NSE today. Currently, it stands at Rs.551.45, down by 1.82%. Jet Airways Share Price is currently trading at its week high of Rs. 551 on National Stock Exchange (28th June 2016). ANNUAL RESULT ANALYSIS: COMPLETE TURNAROUND PRIMARILY DUE TO LOWER ATF PRICES The net sales of the company stood at Rs.20572 crore during the year ended 31st March 2016 against Rs. 19381 crore in FY15 registering a growth of 6.15% or Rs.1192 crore. Due to fall in Aviation Turbine Fuel (ATF) the company registered a complete turnaround in its Operating Profit for the year which stood at Rs.1240 crore in FY16 against a loss of Rs.1124 crore in FY15.Jet Airways Group declared a highest ever annual profit in its history for the year ended Mar 31, 2016, and thereby achieved profitable return a year earlier than the target set in its turnaround plan, two years ago. The PAT stood at Rs.1202 crore for FY16 against a loss of Rs.2101 in FY15. EPS for FY16 stood at Rs.106.66 againstRs.184.64 in FY15. One can get the Right entry and Exit for Jet Airways Share Price from the Weekly & Monthly Support and Resistance Levels of Jet Airways available at Dynamic Levels. JET AIRWAYS GROUP FY16 HIGHLIGHTS:
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